Skip to main content

About your Search

20121224
20130101
STATION
MSNBCW 45
CNNW 23
CSPAN 13
FBC 10
CNBC 9
WRC (NBC) 5
WBAL (NBC) 4
KQED (PBS) 2
CSPAN2 1
KPIX (CBS) 1
KRON (MyNetworkTV) 1
WETA 1
WJLA (ABC) 1
WJZ (CBS) 1
WMAR (ABC) 1
( more )
LANGUAGE
English 149
Search Results 0 to 49 of about 149 (some duplicates have been removed)
obama will be announcing a deal he will be speaking with middle class americans behind him, and he will send the message that if they do not act by john 1st, the average american will see their taxes go up by about $2,000, and it could ultimately wind up hurting the recovery, could wind up ultimately sending the economy back into recession. those are some of the themes i expect him to touch on. there are a lot of discussions going on behind the scenes with the president. the vice president, of course, in close contact with mitch mcconnell. he was brought into these negotiations yesterday. mitch mcconnell says he needs a dance partner. mcconnell said that in negotiations when they had all but stalled. vice president biden brought into the negotiations engaged, and he really did, it seem, at this point help to move the negotiations forward. the vice president has more than 30 years searching in the senate. 23 of those along side senator mcconnell. he certainly are on all sides are staying he has been a big help here, chris. >> as anyone who has ever sat in the senate gallery and watc
: president obama summoned congressional leaders to the white house today hoping for a deal to avoid the fiscal cliff. the power brokers have four days before the government starts slashing military and domestic spending. president obama is pushing for a stop gap measure that with avoid faxes on people earning less than $25,000. on capitol hill frustration is growing. both republicans and democrats sound look they have given up. outside the capitol democrats hauled out a times square ball prop with the emergency, don't drop the ball. >> the republicans refuse to ask those with the most in our society to give a little bit more. >> reporter: a simple stop gap measure is not what many in washington had hoped for. republicans blame president obama for the collapse of a bigger deal that would have cut spending and reduced the country's debt. >> it is the president's responsibility to lay out a plan and to bring people together but it's a total dereliction of duty and a lack of courage to deal with the issues. >> it rests in the hands of the senate. >>> president obama is scheduled to give
, this is obama's deal, now he owns it. >> but they need to do better with communicating that exact message, really, if you look at what's going on here, obama has been persistent and bullheaded saying, it's my way or no way and i think he can wants to go over the cliff to demonize and at the same time bullying the middle class. >> and in the short-term run, that it is inevitable that the democrats will say you guys, you republicans, you put us offer the cliff because you were defending your rich millionaire friends, it's inevitable they will say that and that's a winning political line in the short-run. and over that, however, and you ask where is the leadership from this president, where is it? >> and here, stuart. >> doesn't he agree with you. >> americans with funny accent. let me ask you this question, explain to me and to the american people out there right now why you need to protect millionaires tax cuts in two sentences? >> okay, if you tax people over $250,000. >> wait a second, okay. >> tax them over a million, you might bring in on the best of years, you might bring-- wait a sec
november 16. sign for republicans that mr. obama has not really been pushing that hard for a deal. >> we need presidential leadership on in the just taxing rich people. >> three words the president did not use. he did not use the word sequester and he didn't say "debt ceiling" either. he focused most of his remarx on preventing taxes from going up. there are also massive spending cuts coming. no idea how they will avert that. he also did not mention the debt ceiling. earlier they wanted lifting the debt ceiling included. now it's clear it's not in the short-term package that guarantees if they get a short-term deal here, we have major budget battles coming. >> the key to any good negotiation each side has to give up something. near and dear to their heart. what is it, as succinctly as you imagine, both sides have given up? >> both sides say the president started on threshold of tax cut of $250,000. negotiations with boehner he moved to $400,000. not if you have for boehner. he wanted it to be $1 million or more. that is something that can beer worked on. spending cuts the republicans wan
was just reporting. president obama says either a deal is reached or you vote on the short-term stop gap measure. if republicans fail to pass it i'm summarizing it's their fault. so the president kind of tossing the ball into the republican's camp, placing blame on them. in your opinion s that presidential leadership? >> the republicans have gone after the president that he has deferred to congress on this is that he was unable to strike a deal between -- with speaker boehner and now it is to reid and mcconnell. on one hand, obama is criticizing the congress but also giving them the responsibility to come up with a deal. this is on his watch. obama does not want this going into next year. he wants to move quickly on immigration and energy and maybe gun control. so, but he has not been able to strike a deal with the speaker and that is -- you know, takes two to tango, both have to compromise. both have failed repeatedly on getting a debt deal both in the summer of 2011 and now. how to it is up to the senate which up until recently has been shoved to the side. can they come to the rescue.
to get to a deal. in some sense, i think the republicans got played a little bit, because president obama was the first one to introduce chained cpi, social security cuts into the conversation. and then democrats just erupted today when republicans reintroduced them. as they should have, because social security cuts are -- they don't contribute to the deficit, they're not part of the sequester. so it's unclear why they would be part of the bargain. and it's not social security this would hit, it would hit veterans and spouses of soldiers who died in combat. so if that's the way congress thinks it ought to balance the budget, by cutting the pensions for widows of soldiers, that's where we are now. >> chris, i respectfully disagree with ryan here. yes, there's a lot of pessimism among reporters here, but at the end of the day, when you talk to staffers in democratic and republican circles, all sides want to extend middle class tax rates. that rate discussion, to get to a threshold, $250,000, hopefully 400,000 if you're a conservative or republican, that is going to drive the deal. so the qu
with the deal and probably necessary for obama to do that for confidence among democrats that that is deal worth getting behind because i was hearing griping and still am about obama giving aaway too much and almost had to do that, i feel. one of the reasons democrats are pessimistic about this is debt ceiling doesn't look like it's a part of this. we came in to the negotiations with obama saying we are going to get a permanent fix to this -- permanent end to the brinksmanship in the deal and now a two-year end and now no deal and democrats say obama just defacto negotiated and the republicans know it and we have a crisis on the hands a month from now. >> well, we will have another crisis on the hands a month from now and back here staying up in the capitol late trying to figure out what the deal is. the president said today that if it comes down to that, it's not just spending cuts but there will be revenue in there, as well. but, you know, what's the leverage then? there's an interesting question. so, it will be deja vu all over again to quote a recent speech i heard. we have to see. >> michae
in washington. there's no deal, no new offer on the fiscal cliff crisis. president obama has just told the two senate leaders they should make the deal. the results immediately felt in the financial markets. look where the dow closed down 158 points when it became very clear nothing was happening and now take a look at where the numbers are in the after markets. we would open now down 315 points on the dow if we started trading now. down 315 points. we have much more on this throughout the rest of the program, but the market's very unhappy. we do have some good news to report tonight. looks like at least one cliff has been averted for the time being. the so-called container cliff. the union that represents dock workers and u.s. maritime lines came to an agreement today to extend their current contract for 30 days. this is a big relief now for the retail industry and consumers who were staring at real destruction again for the supply chain. here now is jonathan gold and he's vice president of supply chain and customs policy for the national retail federation. jonathan, good to see you. >> miche
. president obama is dealing directly and spoke frequently sunday with the senate majority leader harry reid while vice president joe biden spoke frequently sunday with republican leader in the senate mitch mcconnell. mcconnell and biden get along much better than mcconnell does with president obama. in the last 24 hours, the administration has given ground on raising threshold for income tax rates and estate tax rates, but also demanded much more in new government spending the republicans are comfortable with. it's that division between spending and taxes that continues to divide both sides, and that is the one thing that may prevent a deal from being achieved in the final hours as we get nearer to the fiscal cliff. >> major garrett, thank you. senator is live on capitol hill. >> thanks for having me. >> if there's a deal today, why would you vote to extend tax cuts if there are no new spending cuts? >> that's the exact thing. the real problem is the spending. if you want to raise taxes -- and the president promised in the campaign he wanted to do that -- it'
and said he was modestly optimistic about a deal on taxes. meeting this the red room, president obama held firm for tax cuts for families making up to $250,000 per year, and joining me on the north lawn of the white house is kristen welker. kristen, let's listen to what the president said about and up or down vote or what he expects from the senate. >> i had a good and constructive discussion here with the leadership about this tax hike on the middle-class. i am optimistic that we can reach an agreement that will be passed in both houses. if an agreement is not reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor and up or down vote for the floor, and i believe a p proposal could pass both houses with majorities as long as the leaders allow it to actually come to a vote. if members of the house or the senate want to vote no, they can. but we should let everybody vote. >> kristen, this up or down vote seems to be be the big news of the day, and isn't this what the white house wanted all along? >> well, it is. it is prp's way of sayi
obama. mr. boehner said he wanted to deal along the lines what the two men had negotiated, summer of 2011, in the fight over raising the debt ceiling. "you missed your opportunity on that," the president told him. cold. but what we know right now, what we know from that is that john boehner wishes he could go back in time, get in the time machine, go back to 2011, and get the deal that president obama offered him then. mr. boehner wants another bite at that 2011 deal, because back then, the president was offering to stop at $800 billion in new taxes. my prediction here right now is that in a few weeks or a few months, republicans are going to wish they could go back to 2012, right now, and get the deal president obama offered them a week ago, which only raised about $1.2 trillion in taxes. because here's what i think is going to happen now. if we get a small deal before we go over the fiscal cliff, either because harry reid and mitch mcconnell come to a deal in the senate, or because democrats jam the republicans in congress, it's mostly going to be about extending the bush tax cu
not be tonight. >> president obama putting pressure on lawmakers to reach a deal. mr. obama making remarks about the fiscal cliff aired it earlier today. he put much of the blame on shoulders of the republicans if no deal is reached. the gop fired back saying the president should lead right now not cast blame. correspondent s henry is live from the white house. >> he is frustrated going on a talk show today in the middle of the negotiations. he has not been on one of the programs since 2009. he felt it was important to get the message out there. you are right he was pounding the same message again and again f. we go up the fiscal cliff for not meeting them halfway. >>> not because democrats and congre congre congress don't want to go ahead and cooperate but i think it has been hard for speaker boehner and republican mcconnell to accept the fact taxes on wealthiest should go up a little bit sweas well as a deficit reduction package. if they can't say yes to good offers i have an obligation to make sure the entire burden of deficit reduction doesn't fall on seniors who are relying on medicare. >>
million. this looked like president obama coming back with the same deal at 250. they are miles apart. >> kimberly: you were able to speak to people on the hill. what was your reaction? >> andrea: the president spread the stories that he will come to the table with a deal. swan dive off the fiscal cliff, hold your nose. we're going off. president obama wants to us go off hecht will come back with a largeer plan. the obama tax cut. then he will be able to reintate across-the-board sequestration cuts. 8.2% across the board. cut defense and health. they will be able to reintate a lot of programs and give his caucus the opportunity to say look, i am voting for something. i am voting to restore tax cuts for the middle class. voting to restore great thin things. republicans are in a tough position. no one will say vote to restore the tax cut for rich. this is his game plan from day one. >> eric: what is the a terptive? $250,000 and above? we see obama not oftenning cuts at all. looking for spending. >> kimberly: managing the message very well. conciliatory. >> andrea: boehner did -- boehner
interview president obama said compromise will be a key to making a deal. >> it is very important for republicans in congress to be willing to say we understand we are not going to get 100%. we are willing to compromise in a serious way. >> senate leaders hoped to send a plan right about now. the talks have broken down. listen to what senate leader said on the floor a short while ago. >> now, i'm concerned about the lack of urgency here. i think we all know we are running out of time. this is far too much at stake for political gamesmanship. the consequences of this are too high for the american people to be engaged in a political messaging campaign. i am interested in getting a result here. >> we have been trying to come up with some counteroffer to my friends' proposal. we have been unable to do that. i had have had a conversation with the president and that this stage we are not able to make a counteroffer. >> what happens now? with us is cello o'donnell and kristen welker. >> we are sort of at a pause point. if you are looking at the tone of these leaders what is i think optim
the senate. so what obama is saying, if harry reid and mcconnell do not get a deal, well, that means that a deal would signify that it is filibuster proof. they'd have a super majority. democrats have the majority so you would think why don't they just vote together, pass it and move on to the house, but the dare is that obama's saying do you really want to show to all of america, republican senators that you're going filibuster a bill and everybody's taxes will go up? how do you explain that when there are -- when there is a majority around who can fas? that's a pretty interesting dare that obama put out there. >> thank you, it's like a little school house rock on saturday afternoon here on msnbc. perry, if mitch mcconnell does make a deal, how does he sell that deal in kentucky and the reddest of red states, mind you? >> i think he can and the reason is, like i said, i think any deal he signs on to will be a deal 100, 120 house republicans will sign to. he's not going sign a deal by himself and he'll sign a deal that's acceptable to some conservatives and mitch mock connell has a h
was modestly optimistic about a deal on taxes. speaking in the white house briefing room, president obama condemned congress for failing to resolve its differences in in normal way. he held firm to middle-class tax cuts to families making $250,000 per year. joining me now from the white house is nbc's kristen welker. kristen, let's take a look at what the president said about what he expects from the senate. >> i just had a good discussion from house leadership about how to prevent this on the middle class. i believe we can reach an agreement. if an agreement isn't reached in time between senator reid and sno senator mccollum, i will reach to him. i believe such a proposal could pass both houses with bipartisan majorities as long as the leaders allow it to actually come to a vote. if members of the house or the senate want to vote no, they can. but we should let everybody vote. >> kristen, this up or down vote seems to be the big news of the day. isn't this what the white house wanted all along? >> well, it is and it's president obama's way of saying, look, vote on his basic proposal, the
. that's option one. the green one. option two is less certain. president obama reportedly challenged congressional leaders from both parties on friday to come up with a deal better than the one he proposed. the center piece of which is that the top marginal tax rate will increase for those earning $250,000 or more from 35% to 39.6%. that's only on the amount earned above that threshold. obama has told congress either they come up with something better or put his proposal to a vote. he's betting even those who hate the idea of a tax increase on the rich will hate causing america to go over the fiscal cliff even more. okay. option three. that's the red box. that's one where america goes over the fiscal cliff. jessica yellin is cnn's chief white house correspondent. peer into the crystal ball for us, jessica. which of these scenarios is most likely? >> well, ali, i think that after yesterday it's slightly more likely that there will be some sort of agreement. that doesn't mean that there are a whole bunch of optimists running around d.c. saying it's going to get resolved. but what you d
with congressional leaders this afternoon and declared he was modestly optimistic about a deal on taxes. speaking in the white house briefing room, president obama condemned congress for failing to resolve its differences in any normal way. >> christin, let's take a listen to what the president said about the up or down vote about what he expects to emerge from the senate. >> i just had a good and constructive discussion here at the white house with senate and house leadership about how to prevent this tax hike on the middle class. i'm optimistic. if an agreement isn't reached in time, between senate store reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up or down vote. i believe such a proposal could pass with bipartisan majorities. >> this up or down vote seems to be the big news of the day. isn't this what the white house wanted all along? >> well, it is. it's president's obama's way of saying vote on his basic proposal. it would extend in employment insurance benefit and deal with unemployment insurance cuts. >> so the question is, could
no deal? president obama keeps talking about half a trillion in cuts, over ten years, we're doing that every five months when it comes to the deficit. $100 billion more person month that we spend over what we take in. you have to have bigger cuts on the table to get republicans to come along. >> we're only paying for 40% of what we spend today. it's interesting to see and what the futures are doing right now. very thinly traded at this hour on a friday evening it would be interesting to see and what they signal in terms of where we stand, now that we've heard from the president and some sort of modest optimism from both leader reid and minority leader mitch mcconnell. >> tyler, we want to go back to eamon javers. >> you just said when will we hear now from the president again? nbc news is tweeting that barack obama will appear as a guest on "meet the press" this weekend. when we will hear from the president again will be sunday morning. something to watch out for over the weekend. presumably, we'll get incremental details on what this deal is. as this is negotiated throughout frid
no date yet on when the house of representatives will be called into session to veto a vote on any deal. president obama cut his hawaiian vacation short and is due to land in washington tomorrow. but if politicians aren't feeling enough urgency, the people people. 50% of americans think a deal is likely. that's down nine points from just a few weeks ago. if we go over the cliff, it will affect all of us. if you're a family that makes $50,000 a year, your taxes will go up by $2,000. if you make $100,000, your taxes will go up by $4600. the come bination of tax hikes d deep cuts could end up like k like this. ore the cliff in a free fall. whisky and cigarettes in hand. tonight, we've got the view from both sides of the aisle. democrat from arizona and republican from wisconsin. earlier, i spoke to the arizona congressman and asked him what he would support a scaled down deal that the president pushed for on friday. >> yeah, i would. i think that's realistic. i think we're at a point after, after the implosion by boehner and the party not to be able to come to an agreement with president o
sort of agreement. a potential headache. not on the horizon for president obama because he has a deal with, you know what i am going to say, those two words, he is meeting with congressional leaders at 2:00 p.m. let me bring in senator kay bailey hutchinson. given how both sides of the aisle are acting, senator, are you proud of your fellow lawmakers and how they are handling the nation's business as you get ready to exit? >> well, the best part of what you just said is my exit. [ laughter ] >> it is pretty depressing, honestly, to watch all the posturing. however, you know, i continue to believe that everybody understands that the fiscal cliff would be too huge a burden on american families. therefore, i hope so much that when they meet this afternoon, even though it is a photo off and probably now not progress to be made that minute that they will make in agreement to come up with something that they can at least try to us of the double republicans and democrats can vote for. that is the only way we will be able to pass anything or either house. dagen: what did your fellow republica
it obama says let's raise taxes instead. we're dealing with tens of trillions of dollars in unfunded liabilities, in four years obama has done nothing on entitlement reform. nothing for four years. what has he done? chirped about raising taxes on rich people. raising taxes on rich people is what obama talks about instead of doing his job. there are two costs to this. one, if you take money out of savings and investment, which is what you're doing with this, it doesn't help, it reduces the incentives to save, invest and work and the other thing you do is you never get to reform government entitlements. >> that's not causal. >> it is, absolutely. >> that's not really. >> you live in new york i live in d.c., washington, this is all causal. the reason he's talking about tax increases is to avoid the conversation and dealing with spending restraints. that's why obama does what he does. >> the reason i doubt that, grover, is because we've all done the math and we all absolutely agree on the math that you can't get out of the deficit hole we're in by taxing rich people even if you tax them
news. president obama to speak in just moments from now. negotiations over the debt deal continuing. apparently the president is not expected to announce that there is a deal in place but we are told that there is a framework in place nor the deal. we also got word from congressional sources that there are concerns about the timing of these remarks as negotiations near completion. the president will speak, we'll bring it to you when he does. apparently some are reporting that perhaps the president was already planned to make these remarks. again the timing is a little bit suspicious on the part of some. let me tell you what is in the works right now on the table. we're talking about families making $450,000 a year, their taxes would go to 39.6%. that is an increase. taxes states worth more than 5 million would increase to 40%, that is going to be up from 35%. big, big, big deal here, unemployment benefits are going to be extended for one year. without those extensions 2 million americans would lose those benefits. again we are waiting for president obama to make remarks on the deal
.c. weather in the app store. >>> negotiations are underway to reach a deal. president obama and congressional leaders just wrapped up a meeting at the white house. we stand right now at three days and counting until that new year's deadline when taxes would go up for all u.s. taxpayers and steep spending cuts would kick in across the board. nicole collins has the latest. >> reporter: john boehner back in washington immediately heading to the white house, which brought the president and congressional leaders together the first time since november, but it's unclear if it brought the country closer to avoiding the fiscal cliff. >> when the president calls congressional leaders to the white house, it's all political theatre or they have a deal. not that it's all political theatre. >> this is not for show but a last-ditch effort by the president to bring congressional leader together to try to get a small package at least, a small deal together before the new year. >> reporter: the president called the meeting as lawmakers pointed fingers in this high- stakes game of chicken. >> the republicans wh
this is serious. it's been serious for months. we need to come together. president obama has a $4 trillion deal on the table that would be balanced in terms of increasing the tax rates on the wealthiest americans. significant spending cuts and has even proposed more -- several hundred billion in entitlement savings. if we can come together and put together a balanced agreement, then we can avoid this. and move on to focusing on the job creation and getting the economy turned around that we should all be working together towards. >> but whatever happens, would it be fair to say that you've got much bigger fish to fry, so to speak, in the new year? i mean, it's not going to be the grand bargain. there's going to be a lot of talk of entitlements, we were talking to tom cole and he's saying democrats just don't want to do what they need to do about cutting back spending. we've got to stop spending. >> my friend tom cole knows that's simply not true. we have $4 trillion deal that includes billions of dollars in spending cuts on the table from president obama that democrats have been willing and read
to have to deal with, in terms of the debt. so i agree, i think president obama may have won the short-term battle. but i don't think he's going to win on this -- on the debt situation because that is when there is going to be absolute no negotiation on how much -- on what spending we do. it is going to be how much spending cuts that we are going to make because we are really at the point of no return, with respect to our debt. >> when you break out some of the individual leader who is are playing a part in this fiscal cliff negotiation, this is the latest gallup polling around christmas time. none of them faired too well. the president does the best. but we have house speaker john boehner, approval is 26% and harry reid, 34%. doug, who steps up and shows some leadership at this moment? >> well, the president's overall approval rating is pretty high, i think, he is in the mid-50s, about the highest he has been in some time. i think it's going to be, in the short term, it's mcconnell and reid. can it pass the house? that will be up to john boehner's leadership. i think that john boehner
's no deal and inaction, there's a lot of leverage it would seem that president obama would have. all the bush era tax rates go away. polls suggest republicans will be blamed more than democrats with if we go over the curb so to speak. is there a real incentive here for democrats to say, let's just not make a deal today? >> i think the only incentives for democrats not to make a deal, to wait for us to go over the curb, to wait for us to repeal the bush tax cuts or moving into a lower level for republicans, so there's base saving for them. for democrats there's more leverage to ask for what i think are the important elements. unemployment insurance, stimulus spending and hopefully, an extension of the payroll tax. i would prefer us to postpone the status quo for two more years because what's important right now is to get the economy back in gear and getting the economy back in gear. >> you would extend? >> the fiscal cliff would happen like in 2014. >> so bush tax cuts for the top 2%? >> keep those. the whole shabang. what we need is more money to go to the economy to keep things aflo
on deal and president obama is calling out lawmakers for rejecting offers for last month. >> what do you think the chances of a small deal in the less 48 hours to avoid the cliff? >> exceedingly good. i think what have we accomplished, a political vick for the president. the president has stood his ground. he is going to get tax rate increases but upper income americans and sad news for the country we have accomplished very little of not becoming greece. this won't affect the debt situation. it will be a political victory for the president and i hope we'll have the courage of our convictions when it comes time to raise the debt ceiling to fight for what we believe in. but hats off to the president. >> we have been talking to the republicans since the election has been over. they have had trouble to say yes to a number of repeated offers. >> so what kind of deal if any can we expect before the clock runs out? joining us for a fair balanced debate, tony is here, national political correspondent for talk radio news service and fox news contributor, jehmu greene former president of the women
: the news begins anew on "studio b" today. president obama moments ago taking the stage to say a deal on the fiscal cliff is in sight but no compromise so exactly where do we stand in what does it mean for your war let? secretary of state, hillary clinton, in the hospital, with a blood clot week after reportedly sustaining a condition cushion in a fall. we will have the latest on that coming up. al qaeda group in yemen offering a huge reward to anyone who kills the u.s. ambassador to that country. that's all ahead unless breaking news changes everything. this is "studio b." >> first from fox at 3:00, president obama says congress is close to striking an 11 the hour deal to keep our nation from plunging off the fiscal cliff but he says the two sides still have ground to cover and the time is running out. that one-two punch that will kick in, hours from now, on january 1, and if the president and congressional lawmakers cannot hash it out, the united states could fall into another recession. here is part of the framework for the agreement. the bush tax cuts would expire for incomes abov
. breaking news, president obama urges congress to make a deal to overt the fiscal cliff. he announces no deal, but progress may be in sight. >> and that would be the wrong thing to do for our e con mu. it would be bad for middle class families and bad for businesses that depend on family spending. fortunately, congress can prevent it from happening if they act right now. i just had a good and constructive discussion here at the white house about how to prevent this tax hike on the middle class. and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. >> it comes after speaker boehner left the white house. he didn't say anything to reporters and neither did anyone else who was seen leaving the meeting. here's what we do know. in just four days, taxes will go up on millions. and millions more will have their vital unemployment benefits run out. that's why president obama organized the meeting with vice president biden, speaker boehner, nancy pelosi and senators reid and mcco
will keep on working. but there is no reason on this beautiful god's green earth why we cannot get a deal here. if everyone is sincere in saying they want the middle-class to be protected, we can get a deal here. president obama says $250,000 -- maybe i think $350,000 is the line, maybe someone else $150,000 -- we can meet somewhere and cut down -- cut the road somewhere in the middle. and save this country from the uncertainty, the uncertainty that plagues us right now. in the olden days, a long time ago, i was a stockbroker. i was an economics major and a stockbroker on wall street. the thing wall street and investors cannot take is uncertainty. if they no taxes are going up, they will be figure things. if they no taxes are going down, they will figure things. if they now taxes are staying the same, they will figure it out. right now it they are frozen -- they do not know. families are also in many ways frozen. they do not know whether they have to budget so that they will have $2,000 less next year. they do not know whether it will be $4,000. they do not now. the uncertainty is the fau
edge. senate leaders are working through the weekend trying to reach a deal before the deadline. today president obama called on lawmakers to meet their deadlines and responsibilities and forge a compromise to avoid tax hike and spending cuts from taking effect. lisa desjardins is live on capitol hill. what's going on right now? >> reporter: right now it's all behind closed doors, martin. what we just have learned in the last hour, in fact, what reporters have seen here, a surprise. house speaker john boehner was here at the capitol. we're still trying to sort out exactly why he was here, but he wasn't here for very long, it seems. he left in the last hour. also, we were able to see some of senator mcconnell's staffers. i was able to speak to one of them coming in and out of these kind of closed-door planning meetings. he said they've been here since 9:00 a.m. they plan to work all day and we may see his boss, senator mcconnell, later today. that shows us kind of where things stand. i wanted to break this down simply because there's so much that complicates the story. let's look really
boehner to take the deal president obama offered before boehner tried to pass his disastrous plan b. >> again, the speaker can't take yes for an answer. the president has presented him something that would prevent us from going over the cliff. it was in response to something the speaker gave to the president himself. but again, i guess with the dysfunctional republican caucus in the house, even the speaker can't tell what they're going to do because he backed off even his own proposal. >> i know i need one, so here's one for you. here's a friendly user's guide on who has offered real solutions to each of the fiscal cliff issues. on taxes president obama's offer compromise, agreeing to $400,000 as the new cutoff point. speaker boehner tried to sell a million as the dividing line but couldn't get it past his own party. president obama is therefore offering his original position, $250,000 and below. on spending cuts president obama proposed $1.2 trillion, about equal to what he was asking in revenue. boehner passed draconian spending cuts in the house with no revenue component. on exte
. the real condition here is will president obama make a new deal for any deal that could be gotten done. >> i just tweeted that out, you nailed, it eamon. lots of finger-pointing an complaining and sour grapes going on and very little in the way of compromise talk. thanks very much. continue to monitor the situation and get back to you, if we need to. >> in the meantime, what does all this wringling. >> and harry reid going at it with senator mcmcconnell. we'll talk to outgoing kay bailey hutchison and get her take. what is she hearing? will we get a deal or not. >> also ahead, does the tax code untearily penalize investors over borrowers. someone here says absolutely, and he warned it's going to get worse once we go over the clip. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male
gastroenterologist recommended probiotic. align. >>> happening now, president obama says he's still optimistic a deal can be reached to avoid that fiscal cliff. just four days until the deadline. the president just spoke about his last-ditch talks with congressional leaders. >>> plus, police are searching for this woman after another person was pushed in front of a new york train and crushed to death. >>> and a huge piece of american history is under wraps. we'll tell you why. wolf blitzer is off. i'm i'm candy crowley. you're in "the situation room." >>> so president obama says the time for action on the fiscal cliff is here. he has a calendar, too. he just laid out his position after talks with top members of congress. everyone seems to agree it's up to senate leaders to make the next move and that the next 24 hours or so are crucial. we want to bring in our chief white house correspondent, jessica yellin. jessica? >> reporter: hi, candy. the president made it clear that he believes that this still can get done. he said he has a little bit of confidence, optimism that it would get done. but he expr
obama wants higher taxes on the wealthy, stimulus spending, limited cuts to entitlements, and speaker boehner wants limited tax increases and keep his job. bob, which -- where do we go from here if a deal isn't hashed out in the next few hours? >> not necessarily in that order. i think the priorities for john boehner may have been turned around. jared is an old jazz fan, as am i, and he knows that miles davis had a song called "so what" and i think that might be the background music right now as all the posturing is going on in public. the simple fact of the matter is that they are setting up the process for working out a deal after they have scared the daylights out of everybody, and it would seem to me that to quote another song, which is "what are you going to be doing new year's eve," i think that we'll be finding that these people are still hard at it and maybe calling congress into session tomorrow night which is a really rotten way to end the year. >> jared, explain for our viewers what it really means to go over the cliff. >> well, first of all, as a former jazz bassist i have
probably blaming republicans for it, what is the rush for obama right now to do a deal? >> reporter: that is the suspicion that's shared by a lot of republicans taking it, steve, as almost an article of faith of three weeks, a month, that the president actually wants to go over the cliff and i'm not sure if that's true. i have no way of knowing if that's true. i kind of doubt it. if you look at it, the republicans lose a lot of leverage. they have painted themselves in to this corner. there's no denying that fact. john boehner obviously we know what happened last week. sifting through the wreckage of the plan "b." gone back to plan "a," a bill passed by the congress and extending tax cuts for everyone and sent to the senate. they don't expect the senate to take that. use that as a legislative vehicle and what's today? saturday. new year's eve is -- sorry. today's friday. too much holiday cheer. but come on. i mean -- >> he will be working the weekend. >> reporter: i am. oh my god. i don't want to get started on that. but anyway, you know, there's a lot at stake here. and, you know,
: any deal is likely to be limited. guest: we have heard about the talks between president obama and john boehner. a grand deal that would include some changes to social security, medicare, cuts in defense spending potentially as well. talking $4 trillion -- we are talking $4 trillion in 10 years. they have to come back in 2013 and talked about changes to social security, medicare and address the debt ceiling. host: we have some comments from our facebook page. they reflect the frustration we are seeing. guest: after the election, we heard the president and top republicans say the election is behind us and we can get down to do in the country's business. they both pledged by partisanship. that evaporated within days. everyone is back in their corner blaming the other side and not making much progress at all. business is retrenching. families are holding back on spending. host: why is compromise so difficult? guest: the with the primary system works has carved out the bit.e kila little they get blown back much more quickly on ideas. they are both afraid of the outer wings of their
. the last chance for a deal might be today at 3:00. president obama has scheduled a meeting in the oval office with vice president biden by his side. he's hosting all the major players. the chances of success, depends on who you talk to. >> getting more optimistic. sometimes it's darkest before the dawn. >> this afternoons meetings feels much like optics. >> there are some signs of possible flexibility, but first of all it would be helpful if the house of representatives actually came back. right now we're at a stalemate, because the democrats haven't been willing to consider the issue of spending. >> i want to bring in perry bacon and it edward keith. most of that was just from today. is this meeting to hash out details or perhaps to save face bhf we go over the cliff? >> i would argue today's meeting is they actually thing the outlines of a deal are possible. the president will push today for some agreement in which the middle-class tax cuts are extended for everyone, while the higher rates go up, we also put off the rest of the details for later. the president is pushing for somethin
Search Results 0 to 49 of about 149 (some duplicates have been removed)